Welcome to our dedicated page for Logitech International SA news (Ticker: LOGI), a resource for investors and traders seeking the latest updates and insights on Logitech International SA stock.
Logitech International S.A. is a renowned Swiss-American multinational company specializing in the design, manufacture, and marketing of computer peripherals and software. Established in 1981 and headquartered in both Lausanne, Switzerland, and Newark, California, Logitech has grown to become a leading name in the tech industry.
The company offers a wide array of products, including mice, keyboards, webcams, conference room cameras, headsets, and music-related items such as wireless speakers. Logitech's commitment to innovation and quality has earned it a significant share of the global market for computer accessories.
Recent developments highlight Logitech's dedication to sustainability and environmental responsibility. In April 2024, Logitech announced its Design for Sustainability (DfS) initiative, focusing on creating products with a reduced environmental impact. This includes experimenting with materials like cork, which is lightweight, heat-resistant, and impermeable. Logitech's innovative culture aims to replace traditional plastics with more sustainable alternatives.
Notably, Logitech has made strides in using post-consumer recycled plastic, which they term 'Next Life plastic.' This initiative is part of their broader strategy to minimize the carbon footprint and promote a circular economy. In 2022, Logitech successfully eliminated 500 tons of single-use plastic from its packaging, a testament to its ongoing commitment to environmental sustainability.
Logitech continues to push the boundaries of design and technology, fostering a workplace environment that encourages innovation and sustainability. The company's dedication to these principles not only helps protect the planet but also positions it as a leader in the tech industry.
Logitech has launched the Logi Dock, an all-in-one docking station aimed at enhancing productivity for remote and hybrid workers. This device features one-touch meeting controls and enterprise-grade audio, integrating with popular video conferencing platforms like Google Meet, Microsoft Teams, and Zoom. With the ability to connect up to five USB peripherals and two monitors while charging laptops up to 100W, Logi Dock promises to declutter workspaces. The product will be available globally in Winter 2021, priced at $399.
Logitech expands its enterprise solutions with the introduction of Logi Bolt, a high-performance wireless technology tailored for modern workplace needs. Addressing IT challenges, Logi Bolt offers secure connectivity, a robust signal, and enhanced platform compatibility for Logitech devices. The technology is designed to support hybrid work environments, ensuring reliable connections even in congested spaces. Logitech aims to enhance employee productivity and collaboration with this innovation, which is now available for pre-order globally.
Logitech For Creators has partnered with Billboard to launch the Song Breaker Chart, a new monthly ranking recognizing creators who influence music trends through social media. This chart highlights the impact of creators on Billboard rankings, driven by viral content like memes and dance challenges. Inspired by the earlier Song Breaker Awards, the chart reflects the significant role of platforms like TikTok in shaping music consumption. Rankings will utilize engagement data from various social platforms and music sales metrics.
ASTRO Gaming and Timbuk2 have launched the Timbuk2 x ASTRO Collection, featuring the BP35 Gaming Backpack and CS03 Crossbody Sling. These high-quality gaming bags are designed for travelers and esports athletes, offering features like water-resistant materials, multiple storage options, and dedicated compartments for gaming gear.
The BP35 Gaming Backpack retails for $199.99 and the CS03 Crossbody Sling for $79.99, available on ASTRO Gaming and Timbuk2.
Logitech (NASDAQ: LOGI) has launched the Zone True Wireless and Zone Wired Earbuds, aimed at enhancing video call experiences in hybrid work environments. These earbuds are the first to be certified by Google Meet, Microsoft Teams, and Zoom. Featuring premium noise-canceling microphones, Active Noise Cancellation, and a modern design, they improve audio quality for professional communication. The Zone True Wireless will be priced at $299 and the Zone Wired Earbuds at $99, available globally in Fall 2021.
Logitech International (SIX: LOGN, Nasdaq: LOGI) has filed its Quarterly Report on Form 10-Q for Q1 FY 2022 with the U.S. SEC on July 29, 2021. This report highlights Logitech's ongoing commitment to transparency and regulatory compliance. Investors can access the report on the SEC website and Logitech's investor relations page. Logitech continues to design products that enhance user experiences across various domains, including gaming and streaming, reaffirming its market position.
Logitech and choreographer JaQuel Knight hosted a dinner to honor BIPOC creators, culminating the #Creators4BIPOC month aimed at addressing barriers they face. They announced initiatives to help ten BIPOC creators secure copyright for their choreography, enhancing their ability to monetize their work. The event also featured the launch of a short film documenting these creators' journey toward copyright protection, supported by Logitech. This initiative marks a pivotal step toward empowering underrepresented artists in the entertainment industry.
Logitech International (SIX: LOGN, Nasdaq: LOGI) reported robust Q1 FY2022 results with sales reaching $1.31 billion, a 66% increase in US dollars and 58% in constant currency year-over-year. Operating income soared by 143% to $203 million, while GAAP EPS jumped 160% to $1.09. Non-GAAP operating income and EPS also showed significant growth, rising 100% and 91%, respectively. Despite the strong start, Logitech maintained its FY2022 outlook of flat sales growth in constant currency, indicating potential market challenges ahead.
Logitech International (Nasdaq: LOGI) will announce its FY 2022 first quarter financial results on July 26, 2021, at 9:00 PM EDT. A videoconference to discuss the results will be held on July 27, 2021, at 8:30 AM EDT. The event can be viewed via a livestream on Logitech's corporate website.
Logitech, founded in 1981, designs products that enhance everyday digital experiences, including brands such as Logitech G and ASTRO Gaming. The company is headquartered in Switzerland and traded on both the Swiss Exchange and Nasdaq.
Logitech International (SIX: LOGN, Nasdaq: LOGI) has announced its 2021 Annual General Meeting (AGM) scheduled for September 8, 2021. Didier Hirsch, a board member since 2012 and chair of the Audit Committee, will step down at the end of his term. Deborah Thomas is set to succeed him, pending re-election. The company plans to propose an annual dividend of approximately CHF 0.87 per share, a 10% increase from FY 2020, with payments expected on September 22, 2021. The meeting will be held virtually due to COVID-19, allowing shareholders to vote via an independent proxy.
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